1033 Exchange Experience
JLK Rosenberger has significant experience assisting Colorado taxpayers navigate the 1033 exchange process. We have worked with dozens of property owners providing necessary guidance, managing the timeline, and filing the necessary tax reports. Beyond the practical experience, our team members undergo ongoing technical tax training to stay current on the latest regulatory changes. The result is a client centric process that prioritizes tax efficiency and savings during the property replacement process.
1033 Exchange Services – Colorado
What happens next?
- Eligibility Overview – In this step, the focus is on determining that your situation qualifies to conduct the exchange. Our team reviews the property basis and compensation received and calculates the potential capital gain and the amount needed for a full deferral.
- Replacement Property Guidance – Our team reviews the specific details about selecting a replacement property including the “similar or related in service or use” standard for replacement property. This ensures the new asset qualifies for the exchange. While you focus on finding new property, our team ensure your selection aligns with requirements.
- Timeline Management – Our team works to ensure the critical replacement period (2 years for destruction and 3 years of condemnation) are followed. We also assist with documentation and strategies to maximize time for replacement.
- Tax Reporting – In this step, our team prepares and files all necessary documents with the IRS including Form 4797 (Sales of Business Property) and other required documentation. For those who have already paid tax on a gain but are still in the replacement period timeline we can help recover those taxes.
- Basis Adjustment – Finally, we calculate the adjusted basis of the new property including the deferred gain. Our team will also provide guidance about the most appropriate depreciation method for your new property.
Contact Our Colorado 1033 Exchange Team
JLK Rosenberger provides 1033 exchange and involuntary conversion services to eligible property owners in Colorado. Interested in learning more about our 1033 exchange services? If you are interested in learning more about our services and how we can help you, complete the form below and a team member will follow up shortly.
About Colorado Natural Disasters
Colorado’s natural disaster history is shaped by its dramatic geography, with the Rocky Mountains, high plains, and semi-arid climate creating a wide range of recurring hazards across the state. Wildfires are among the most consequential threats, particularly along the Front Range and in forested mountain communities where dry summers, beetle-killed timber, and strong winds have fueled increasingly destructive fires that have damaged homes, infrastructure, and watersheds. Flooding has also played a major role, most notably during large rainfall events that overwhelm steep mountain terrain and urban corridors, such as the widespread floods that affected Boulder County and surrounding areas in the early 2010s, causing extensive property damage and long-term impacts to transportation and water systems.
Severe winter weather is another defining feature of Colorado’s disaster profile. Powerful blizzards regularly affect the eastern plains and Front Range, shutting down highways, disrupting commerce, and straining emergency services with heavy snow, ice, and extreme cold. These storms often have ripple effects on agriculture and supply chains, particularly in rural communities. Drought cycles, which can persist for years, have historically stressed water supplies, agriculture, and hydropower, intensifying wildfire risk and prompting statewide water management and conservation efforts.